Build wealth. Love your life
What happens to my debt if I die? This was the question racing through my mind when we had £100,000 worth of consumer debt. I also knew we had already messed up our sons’ future royally. Morbid? Probably. Practical? You bet. I didn’t want to leave our sons to…
There is one reason you are in debt – you spend more than you earn. It is not rocket science; it is a matter of first-grade arithmetic. If regularly spend more than you earn, you will be in debt. “Ah, now I understand’, you are thinking. ‘But if that…
After working out what debt you have, it is time to decide which debt to pay off first. There are different schools of thought, and various personal finance gurus will offer different counsel. I will not tell you what to do or which debt to pay off first –…
You dream about debt freedom and the thing left to figure out is how to pay off debt. I get it. Dream, line and sinker. Living under a mountain of debt is stressful. For years Ostrich has been your favourite yoga pose. You have buried your head in Netflix shows,…
Congratulations! You have committed to paying debt. And this time is different, right? Still, you find yourself shrouded in confusion. Where do you start paying debt? What do you do first? I have been where you are now. Do you know what was the first thing I did when…
Have you considered learning to celebrate your debt? I bet you haven’t. I bet you spend your time vilifying, hating, and fearing your debt. You are not alone. Most of us, who have real-life experience with enormous debt, have swum in the ocean of negativity that comes with realising…
When we were in debt, we didn’t even have the luxury to consider the pros and cons of debt consolidation. We had to consolidate because we had so much debt that simply paying the credit card minimum payments was pushing us further into debt. We didn’t stop to think,…
Editor’s note: You, friend, already know I’m very interested in the softer side of money management, including the way our relationship with money shapes our financial health and wealth. Here is a wonderful guest to share the evolution of her relationship with money: from a saving child, through a credit…
Debt, and how to pay it off and become debt-free, are very much on the agenda. Debt freedom lessons offering wisdom and inspiration are like rain after a long, dry summer. While we still can only guess the size of the economic fall out of the Corona pandemic, it…
For years people have been telling you that you can pay off your debt – just spend less than you earn. But here is the thing: paying off your debt is not always as easy as cutting out some ‘fat’ from your budget. It is a bitter truth to…
A couple of weeks ago, I told you that it is time to focus on money because succumbing to Covid is no longer very likely. Creating a debt inventory is the first step to taking a decisive step towards improving your money situation over the next year. You may…
Today, I’d like us to discuss a toxic belief about paying off debt. Why do we need to do that, you may ask? We need to discuss the toxic beliefs about debt, and how to pay it off because beliefs become actions and actions are the foundation of our…